Posted by Musang King > 2 months ago | Report Abuse

Remember, China did failed to pay Trillions of GOLD LOAN BONDS during the WW1 when China was so poor then. Until now, those Chinese Treasury Bonds are still unpaid and un-redeemed even that China is so Rich now. Maybe , USA is using this as one of the reasons to pressure China to pay up those DEFAULTED TREASURY BONDS and OFFSET them against the US Current Treasury Bonds due and payable. Everything is possible.

Posted by masterus > 2 months ago | Report Abuse

African and Middle Eastern Nations Withdraw Gold Reserves Amid American Economic Concerns

ByJillian Bennett
APR 24, 2024

Posted by masterus > 2 months ago | Report Abuse

In a move reflecting growing concerns over the stability of the American economy, several African and Middle Eastern nations have begun withdrawing their gold reserves from the United States in recent months. This trend marks a significant shift in global economic dynamics and underscores the increasing skepticism among nations regarding the traditional safe haven status of the US dollar and American financial institutions.

The decision to repatriate gold reserves is not merely symbolic; it reflects a deeper unease among these nations about the trajectory of the American economy. Among the countries taking such actions are Nigeria, South Africa, Ghana, Senegal, Cameroon, Algeria, Egypt, and Saudi Arabia, each representing crucial regions in Africa and the Middle East. Their actions are prompting questions about the future of the US dollar as the world’s primary reserve currency.

Posted by ahbah > 2 months ago | Report Abuse

As of March 2024, China’s gold reserves stand at approximately 2,257 metric tons1. While this makes China one of the largest holders of gold among central banks, its 4% allocation of gold relative to its total reserves is still below the threshold maintained by central banks in developed countries2.

For context, let’s explore the gold reserves of a few other nations:

United States: The U.S. holds the largest gold reserves globally, with 8,133 metric tons. This constitutes approximately 76% of its foreign reserves3.
Germany: Germany has the second-largest gold reserves, totaling 3,362 metric tons. Gold accounts for about 73% of its foreign reserves.
Italy: Italy holds 2,451 metric tons of gold, representing around 71% of its foreign reserves.
India: India’s gold reserves amount to 846 metric tons, making up approximately 7% of its foreign reserves.
Netherlands: The Netherlands holds 801 metric tons of gold, constituting about 62% of its foreign reserves.
In summary, while China’s gold reserves are substantial, it remains prudent to consider the allocation strategies of other nations when assessing its position in the global gold market.

Posted by ahbah > 2 months ago | Report Abuse

According to the World Gold Council’s 2023 survey, 24% of central banks intend to increase their gold reserves in the next 12 months. This reflects a favorable view of gold as an important component of central bank reserves due to its safety, liquidity, and return characteristics1. Additionally, central banks globally have been accumulating gold reserves at a pace not seen since 1967, indicating a renewed interest in this precious metal.

Posted by masterus > 1 month ago | Report Abuse

ASEAN to Increase Local Currency Trade, Reducing Reliance on the US Dollar
May 12, 2023
Posted by ASEAN Briefing

Posted by masterus > 1 month ago | Report Abuse

Almighty dollar nation is not happy with that. Will they sanction ASEAN?

Posted by ahbah > 1 month ago | Report Abuse

Ten years ago, the price of gold sat at $1,246 per ounce. Today, it’s worth $2,350.65 per ounce. That marks an 88.66% increase in value, or an average annual return of 8.86% (not calculated for compounding). 😁😁😁

Posted by ahbah > 1 month ago | Report Abuse

When Richard Nixon severed the dollar from gold backing in 1971, the price of gold suddenly started floating at market rates. It consequently skyrocketed over the rest of the 1970s, delivering an average annual return of 40.2%.

Posted by ahbah > 1 month ago | Report Abuse

In 2020, for example, gold jumped 24.43%.

Posted by ahbah > 1 month ago | Report Abuse

Likewise, investors retreat to gold when fiat currencies lose value fast to inflation. Amidst all the inflation anxiety in 2023, gold rose 13.08%.

Posted by ahbah > 1 month ago | Report Abuse

Finally, gold offers a non-correlated hedge against stock market crashes. In other words, gold offers diversification — a collapse in financial markets doesn’t cause a collapse in gold prices. Quite the opposite: many investors believe gold will rise in price if a bear market hits.

Posted by ahbah > 1 month ago | Report Abuse

🤑🤑🤑

Posted by ahbah > 3 weeks ago | Report Abuse

😴😴😴

Posted by ahbah > 3 weeks ago | Report Abuse

Fed rate cuts and friction in the bond market could drive gold prices to $3,000 in the next 12 to 18 months - Bank of America

Posted by ahbah > 2 weeks ago | Report Abuse

😴😴😴

Posted by ahbah > 2 weeks ago | Report Abuse

What is the amount accumulated for a sum of $10000 at a compound rate of 10% per annum for 50 years ?

Certainly! Let’s calculate the amount accumulated using the compound interest formula:

[ A = P \left(1 + \frac{r}{n}\right)^{nt} ]

where:

(A) is the accrued amount (principal + interest).
(P) is the principal amount (initial investment), which is $10,000.
(r) is the annual nominal interest rate as a decimal (10% becomes 0.10).
(n) is the number of compounding periods per year (assuming annual compounding, so (n = 1)).
(t) is the time in years (50 years).
Plugging in the values:

[ A = 10,000 \left(1 + \frac{0.10}{1}\right)^{1 \cdot 50} ]

Solving this:

[ A \approx $1,173,909 ]

After investing for 50 years at 10% interest, your initial investment of $10,000 will have grown to approximately $1,173,909, earning $1,163,909 in interest1

Posted by ahbah > 6 days ago | Report Abuse

🤑🤑🤑

Posted by ahbah > 4 days ago | Report Abuse

😴😴😴